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Tianshan Textile Resumed Trading For 5 Consecutive Trading Limit Boards
Yesterday, Tianshan Textile (10.59, 0.96, 9.97%) ushered in the fifth trading limit board after the resumption of trading, with a cumulative increase of 61.19%. Yesterday, the share price closed at 10.59 yuan.
On July 23, 2009, Tianshan Textile was suspended due to restructuring. According to the recently announced restructuring plan, Tianshan Textile plans to issue about 81.98 million shares and 40.99 million shares to Xinjiang Kaidi Mining and Qinghai Xuechi Technology respectively to purchase 50% and 25% of the equity of Xituo Mining held by the two companies. After restructuring, Tianshan Textile will hold 75% of the shares of Xituo Mining.
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